Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) Shares Up 1.4% – Should You Buy?

Direxion Daily Dow Jones Internet Bull 3x Shares (NYSEARCA:WEBL) shares were up 1.4% on Friday . The company traded as high as $29.37 and last traded at $28.70. Approximately 116,641 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 246,957 shares. The stock had previously closed at $28.31.

Direxion Daily Dow Jones Internet Bull 3x Shares Trading Up 1.4%

The stock has a market capitalization of $126.28 million, a P/E ratio of 26.56 and a beta of 3.44. The stock’s fifty day moving average price is $30.26 and its two-hundred day moving average price is $29.68.

Institutional Trading of Direxion Daily Dow Jones Internet Bull 3x Shares

Institutional investors have recently added to or reduced their stakes in the business. Group One Trading LLC lifted its stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares by 229.4% in the 3rd quarter. Group One Trading LLC now owns 929 shares of the company’s stock valued at $30,000 after acquiring an additional 647 shares during the last quarter. Qube Research & Technologies Ltd increased its stake in Direxion Daily Dow Jones Internet Bull 3x Shares by 96.6% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,158 shares of the company’s stock worth $37,000 after purchasing an additional 569 shares during the period. Citizens Financial Group Inc. RI bought a new stake in Direxion Daily Dow Jones Internet Bull 3x Shares in the first quarter valued at approximately $318,000. Tower Research Capital LLC TRC purchased a new stake in shares of Direxion Daily Dow Jones Internet Bull 3x Shares during the second quarter valued at approximately $324,000. Finally, Two Sigma Securities LLC bought a new position in shares of Direxion Daily Dow Jones Internet Bull 3x Shares in the second quarter worth approximately $396,000.

Direxion Daily Dow Jones Internet Bull 3x Shares Company Profile

The Direxion Daily Dow Jones Internet Bull 3X Shares (WEBL) is an exchange-traded fund that is based on the DJ Internet Composite index. The fund provides 3x leveraged daily exposure to a market-cap-weighted index of the largest and most liquid U.S. Internet companies. WEBL was launched on Nov 7, 2019 and is managed by Direxion.